Tiếng Việt
普通话
29
June
Market commentary: Cash flow into Banking
The stock market maintains its uptrend because the VNIndex still ends above the 10-period moving average. Therefore, investors should open long positions and focus on leading stocks.
Research Center
28
June
HBC – Brief[NONRATED] – AM briefing: Restructuring after loss
On Jun 27, Hoa Binh Construction (HBC) held the Annual General Meeting. The company presented to the investor the 2022 results as well as the 2023F business plan. In 2022, Hoa Binh announced revenue of VND14.15tn (+24%yoy) and a net loss of VND2.5tn. The Board of Director contributed this to a weak real-estate market, developers cash flow troubles and rising costs of material. HBC aims to resolve the operational issues with a financial and management overhaul.
28
June
Daily derivatives: Bullish momentum is stable
Long positions on VN30F2307 should be held and stop the loss when there is the closing price below 1,100 pts level (Hourly chart).
28
June
Market commentary: Low liquidity
Although the market increased slightly along with low liquidity, the VNIndex ends above the 50-periods moving average. This shows the uptrend is still positive. Therefore, investors should open long positions and focus on leading stocks.
27
June
Rebalanced money market toward the economic update
The money market this week seems to neutralize the impact of SBV’s policy rate cut last week as interbank rates rebounded slightly and the dong regained its strength against the U.S. dollar. However, the G-bond yield recorded a fresh low possibly due to its alternative nature for sluggish lending activities. For the next week, GSO will unveil Vietnam’s economic situation through its June report. Hence, we predict the money market to be balanced heading to the next government's assessments and responses to the update of economic performance.
27
June
PLX – Brief – [NONRATED] – Stable outlook in 2023F
PLX approved its conservative 2023F guidance of petroleum volume of 13mn ton (-7% yoy), VND190tn revenue (-38% yoy) and VND3.2tn PBT (+42% yoy). Shareholders approved a cash dividend of VND700/share for 2022, and targeted a cash dividend of VND1,000/share for 2023F.
27
June
Daily derivatives: Approaching Jan peak
Long positions on VN30F2307 should be held and stop the loss when there is the closing price below 1,085 pts level (Hourly chart).
27
June
Market commentary: Intraday bottom-fishing
The market maintains an uptrend along with high liquidity, showing this is a good signal. Further, the VNIndex also closed above the 10-period moving average. Therefore, investors should open long positions and focus on leading stocks.
27
June
Fundflow 19-23 Jun: VFMVN DIAMOND drives inflow surge
Inflow across ETFs in Vietnam strongly increased, recorded at USD17mn. In general, inflows into Vietnam still increased and remained on major ETFs. In this case, the demand for funds in Vietnam is still very optimistic and the expectation of positive inflows will be maintained in the context that the stock market is showing positive movements.
27
June
Covered warrant 19-23 Jun: Foreign trading interest surges
The trading interest has started to spread to all cover warrants which have different underlying assets. This is the first signal for the active trading environment.
Featured Articles
15
March
Point Break
Regarding the impact of the global commodity price surge on Vietnam CPI, we estimate that the current value of Brent price could push 2022 inflation to exceed the government target of 4%, mainly through the consumption channel. However, implementing well-established tools allows the Vietnam government to mitigate external shocks proactively. To sum up, we forecast that the global commodity surge would create temporary pressure on Vietnam inflation.
27
December
Outlook 2022 – The Big Uptrend
Key factors that drive the stock market to rise in 2022 include: (1) the Vietnam economy recovering and strong growth in 2022 and (2) new money will continue to flow into the stock market as new cash flows into stock markets and new money comes from capital flows of securities companies to margin.
09
November
Time to bet on economic recovery?
A record plunge in Vietnam’s economy in 3Q21 has threatened economic prospects in the medium and long term growth. The government is standing in a right place to mitigate the lingering impact of the current outbreak and the next ones if they take appropriate actions in an appropriate timing and appropriate way. Recent macro and policy developments are signaling that the ongoing economic recovery would be smooth and sound, but it needs a booster shot, a sufficiently large fiscal relief package, to accelerate recovery momentum and help economic growth back on track. From our view, the “Economic Recovery and Development” fiscal support package, if successfully passed, would be a key to unlocking the full potential of the economic recovery.
26
July
Fragile hope of recovery path under the worst outbreak
Amid a widespread COVID-19 delta attack in the Southeast Asia region, Vietnam is stepping into the worst outbreak in both its health and economic impacts. Although the government actively deployed various solutions to follow the twin target that effectively controls the pandemic and promotes socio-economic development, the negative impact of economic recovery is inevitable. We predict that the COVID-19 economic impacts on domestic consumption and production levels would be partly reflected in oncoming macroeconomic updates under strict lockdowns nationwide.
18
June
INFLATION: A transient or long-lasting shock?
Surging commodity prices and increasing inflation recently pose a considerable risk to global economic stability. However, the majority of global economists and monetary policymakers just saw this phenomenon as a transitory factor, and this trend would eventually reverse to a normal track in the medium- and long- term. Regarding Vietnam's situation, we saw a stable demand-supply balance in major commodities and well-controlled price conditions. The inflation shock in the near term, if it happens, would be expected to be transient and bear a little risk to the economic stability.